For detailed calculation methods and examples, please refer to the website of the Labour Department: labor/TC/public/pdf/WCP/ Concise Guide/Appendix 2.pdf.
Answer 2): Is the following calculation method suitable for calculating long service payment? Amount of severance payment:
Employees with monthly salary: (last month's salary X 2/ 3) * X traceability service? money
Daily wage or piece-rate employee: the salary of any 18 days selected by the employee in the past 30 normal working days *
X traceability service? money
Less than 1? Service? Period comparison? Do the math.
* The ceiling is two thirds of $22,500 (that is, $65,438+$05,000). The employee can also choose to use his last 12.
Calculation of average monthly salary.
~ excerpt from labor/TC/public/pdf/wcp/ concise guide/10.pdf.
Your long service payment will be calculated as follows:
Your monthly salary with commission is $25,000 (the law clearly stipulates that commission is part of salary), which is $22,500 more than the prescribed upper limit, so your monthly salary can only be $22,500.
Your seniority is from September 2005 1 to 20 12,1,365, that is, 7 years, 9 1 = 7+9 1.
Substitute the above data into the calculation program: USD 22,500 x 2/3 x (7+965,438+0/365).
Please use the computer to calculate the rest. )
Special instructions:
1. I don't think you are eligible for long service payment unless you are fired! The termination of your company caused you to lose your job, and what you should recover from the company should be severance pay. The calculation method of long service payment and severance payment is exactly the same, but the reasons for payment are different. I will advise you to refuse to accept the long service payment and recover the severance payment from the company. Because being fired means that you are no longer suitable for the job given to you by the company, but being fired is a company problem, which will affect your reputation and the difficulty of finding a job in the future.
2. After paying the long service payment/severance payment to the employee, the employer may apply to recover the accumulated rights and interests from the employer's contributions in the employee's MPF account. ~ ~ refer to mpfa/tch/information _ centre/FAQ/employee/mpf _ employee/index.jsp.
(Focus on Q&A 17)
I can't calculate your annual leave salary without your employee records in the past 12 months. An online questionnaire about employment survey is being conducted.
Please take some time to participate in this survey.
This questionnaire only takes you 5- 10 minutes.
The time spent by each group will be of great help to this investigation.
spreadsheets.google. /viewform? key=pT- 3ZCbP92v6pglYDFqBzUQ
After completing the questionnaire, someone will contact and provide job opportunities.